Palo Alto Networks, Inc. (NYSE:PANW) has been assigned a $145.00 price objective by stock analysts at Evercore ISI in a research note issued on Thursday. The brokerage currently has a “hold” rating on the network technology company’s stock. Evercore ISI’s price target indicates a potential upside of 1.60% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $173.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Piper Jaffray Companies set a $155.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Sunday, November 12th. Zacks Investment Research downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. BidaskClub downgraded shares of Palo Alto Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Northland Securities set a $175.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $160.33.

Palo Alto Networks (PANW) opened at $142.72 on Thursday. Palo Alto Networks has a 12 month low of $107.31 and a 12 month high of $164.57. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.65 and a quick ratio of 1.65.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings results on Thursday, August 31st. The network technology company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.92). Palo Alto Networks had a negative return on equity of 19.72% and a negative net margin of 12.57%. The firm had revenue of $509.00 million during the quarter, compared to analysts’ expectations of $487.53 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm’s revenue was up 27.0% compared to the same quarter last year. equities analysts expect that Palo Alto Networks will post -0.5 EPS for the current fiscal year.

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In related news, Director Carl M. Eschenbach sold 1,572 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $144.99, for a total transaction of $227,924.28. Following the transaction, the director now directly owns 3,619 shares in the company, valued at $524,718.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $149.70, for a total value of $5,239,500.00. The disclosure for this sale can be found here. Insiders have sold 284,744 shares of company stock worth $42,239,296 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd bought a new position in Palo Alto Networks during the third quarter worth $366,000. Green Square Capital LLC lifted its stake in Palo Alto Networks by 30.4% in the third quarter. Green Square Capital LLC now owns 4,027 shares of the network technology company’s stock valued at $580,000 after buying an additional 939 shares during the last quarter. California Public Employees Retirement System lifted its stake in Palo Alto Networks by 1.6% in the third quarter. California Public Employees Retirement System now owns 165,400 shares of the network technology company’s stock valued at $23,834,000 after buying an additional 2,600 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Palo Alto Networks by 85.5% in the third quarter. Cubist Systematic Strategies LLC now owns 8,922 shares of the network technology company’s stock valued at $1,286,000 after buying an additional 4,112 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Palo Alto Networks in the third quarter valued at $18,730,000. Hedge funds and other institutional investors own 77.50% of the company’s stock.

About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Analyst Recommendations for Palo Alto Networks (NYSE:PANW)

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